Version 1.1
April 2020
Accounting Changes
(2020 Taxonomy)
FASB US GAAP Financial Reporting Taxonomy (Taxonomy)
Implementation Guide Series
The Taxonomy Implementation Guide is not authoritative; rather, it is a document that communicates how the US GAAP Financial Reporting Taxonomy (Taxonomy) is designed. It also provides other information to help a user of the Taxonomy understand how elements and relationships are structured.
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Taxonomy Implementation Guide on Accounting Changes
Overview
The purpose of this Taxonomy Implementation Guide (Guide) is to demonstrate the modeling for the reporting of the transition upon adoption of amendments from an Accounting Standards Update (ASU) or other accounting changes under FASB Accounting Standards Codification® Topic 250 and topics amended by an ASU. These examples are not intended to encompass all of the potential modeling configurations or to dictate the appearance and structure of an entity’s extension taxonomy. The examples are provided to help users of the Taxonomy understand how the modeling for the reporting of the transition upon adoption of amendments from an ASU or other accounting changes is structured within the Taxonomy. The examples are based on the assumption that the entity meets the criteria for reporting the transition upon adoption of amendments from an ASU or other accounting changes under US Generally Accepted Accounting Principles (GAAP) and/or U. S. Securities and Exchange Commission (SEC) authoritative literature. In addition, the reported line items within the examples are not all inclusive and represent only partial disclosures for illustrative purposes.
While constituents may find the information in this Guide useful, users looking for guidance to conform to SEC XBRL filing requirements should look to the SEC EDGAR Filer Manual and other information provided on the SEC website at xbrl.sec.gov.
This Guide focuses on detail tagging only (Level 4); it does not include any elements for text blocks, policy text blocks, and table text blocks (Levels 1 through 3).
There are two sections included in this Guide:
• | Section 1: Overview of Modeling: This section provides an overview of the modeling for the reporting of the transition upon adoption of amendments from an ASU or other accounting changes. |
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• | Section 2: Examples of Modeling: This section includes examples of modeling for the reporting of the transition upon adoption of amendments from an ASU or other accounting changes. |
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General Information
(1) | A legend for dimensions and domain members has been provided to associate with facts contained in the notes to the financial statements. Extension elements are coded using “Ex.” Legends specific to the examples are provided in Figure x.2 of each example. |
Coding | Standard Label | Element Name |
A1 | Equity Components [Axis] | StatementEquityComponentsAxis |
Equity Component [Domain] | EquityComponentDomain | |
M1 | Common Stock [Member] | CommonStockMember |
M2 | Additional Paid-in Capital [Member] | AdditionalPaidInCapitalMember |
M3 | Retained Earnings [Member] | RetainedEarningsMember |
M4 | AOCI Attributable to Parent [Member] | AccumulatedOtherComprehensiveIncomeMember |
M5 | Noncontrolling Interest [Member] | NoncontrollingInterestMember |
A2 | Revision of Prior Period [Axis] | RestatementAxis |
Revision of Prior Period [Domain] | RestatementDomain | |
M6 | Previously Reported [Member] | ScenarioPreviouslyReportedMember |
M7 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember |
M8 | Revision of Prior Period, Error Correction, Adjustment [Member] | RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
M9 | Revision of Prior Period, Reclassification, Adjustment [Member] | RevisionOfPriorPeriodReclassificationAdjustmentMember |
A3 | Cumulative Effect, Period of Adoption [Axis] | CumulativeEffectPeriodOfAdoptionAxis |
Cumulative Effect, Period of Adoption [Domain] | CumulativeEffectPeriodOfAdoptionDomain | |
M10 | Cumulative Effect, Period of Adoption, Adjustment [Member] | CumulativeEffectPeriodOfAdoptionAdjustmentMember |
M11 | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember |
A4 | Accounting Standards Update [Axis] | AdjustmentsForNewAccountingPronouncementsAxis |
Accounting Standards Update [Domain] | TypeOfAdoptionMember | |
M12 | Accounting Standards Update 2016-02 [Member] | AccountingStandardsUpdate201602Member |
M13 | Accounting Standards Update 2018-02 [Member] | AccountingStandardsUpdate201802Member |
(2) | Elements that have an instant period type and elements that have a duration period type are indicated as such in Figure x.2 of each example. Instant elements have a single date context (such as December 31, 20X1) while duration elements have a starting and ending date as their context (such as January 1 to December 31, 20X1). |
(3) | The XBRL report view (Figure x.3 in each example) does not include all information that may appear in an entity’s instance document. The XBRL report view is provided for illustrative purposes only. |
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(4) | For elements contained in the Taxonomy, the standard label is as it appears in the Taxonomy. For extension elements, the standard label corresponds to the element name. For information about structuring extension elements, refer to the SEC EDGAR Filer Manual. |
(5) | Values reported in XBRL are generally entered as positive, with the exception of certain concepts such as net income (loss) or gain (loss). |
(6) | Preferred labels (Figure x.3 in each example) are the labels created and used by the company to show the line item captions in its financial statements. |
(7) | The values reported using extensible list elements are element names in the XBRL report view. |
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Section 1: Overview of Modeling
The “Revision of Prior Period [Axis]” (A2) is modeled with the “Previously Reported [Member]” (M6) and members for each type of adjustment that may revise a prior period amount and a member that represents all revisions to a prior period:
• | “Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]” |
• | “Revision of Prior Period, Error Correction, Adjustment [Member]” (M8) |
• | “Revision of Prior Period, Accounting Standards Update, Adjustment [Member]” (M7) |
• | “Revision of Prior Period, Reclassification, Adjustment [Member]” (M9) |
• | “Revision of Prior Period, Adjustment [Member]” |
This modeling is intended to result in the revised amount representing the report-wide value for the context and allows for multiple types of revisions to prior periods to be reported in the same filing for the same line item.
There are corresponding dimension and extensible list elements to provide additional information for the reason for the revision. The dimension elements are intended to be used when the type of revision is further disaggregated, and the extensible list element is intended to be used when there is only one type of revision for each adjustment. The dimension elements are:
• | “Change in Accounting Principle, Type [Axis]” |
• | “Error Correction, Type [Axis]” |
• | “Accounting Standards Update [Axis]” (A4) |
• | “Reclassification, Type [Axis]” |
The extensible list elements are:
• | “Change in Accounting Principle, Type [Extensible List]” |
• | “Error Correction, Type [Extensible List]” (XL20) |
• | “Accounting Standards Update [Extensible List]” (XL2) |
• | “Reclassification, Type [Extensible List]” (XL21) |
The “Revision of Prior Period, Reclassification, Adjustment [Member]” (M9) is intended to be used for reclassifications that affect comparability that are not related to an amendment from an ASU.
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Certain amendments from ASUs may contain reclassifications but “Revision of Prior Period, Accounting Standards Update, Adjustment [Member]” (M7) is intended to be used for revisions of prior periods that are from amendments from ASUs.
There are two dimensions for the adjustments for amendments from ASUs. The “Revision of Prior Period [Axis]” (A2 ) and the “Cumulative Effect, Period of Adoption [Axis]” (A3). The “Revision of Prior Period [Axis]” (A2) is used for retrospective application when the prior periods are revised. The “Cumulative Effect, Period of Adoption [Axis]” (A3) is used for amendments from ASUs when the cumulative effect adjusts the opening balance of line items in the period of adoption and does not revise prior periods.
The date context used with the “Revision of Prior Period [Axis]” (A2 ) is the ending balance of the period prior to earliest period reported (earliest opening balance reported). For example, if the earliest period reported begins with 01/01/20X2 or ending of prior period of 12/31/20X1, the date context used for the values tagged with the “Previously Reported [Member]” (M6) and the “Revision of Prior Period, Accounting Standards Update, Adjustment [Member]” (M7) is 12/31/20X1.
The date context used with “Cumulative Effect, Period of Adoption [Axis]” (A3) and “Cumulative Effect, Period of Adoption, Adjustment [Member]” (M10) is the ending date context prior to the period of adoption. For example, if the period of adoption is 01/01/20X4, the date context used for the values tagged with “Cumulative Effect, Period of Adoption, Adjustment [Member]” (M10) and “Cumulative Effect, Period of Adoption, Adjusted Balance [Member]” (M11) is 12/31/20X3.
The two types of transition methods (retrospective application and cumulative effect in the period of adoption) which result in adjustments of values reported, are modeled similarly but need to be on two different dimensions because of how the adjustments affect the statements. For retrospective application, the prior periods are revised, and the adjusted values are the report-wide values in the context. For the cumulative effect in the period of adoption, the prior periods are not revised and the values for the period prior to adoption remains the report-wide value in the context. The figure below illustrates this difference:
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Retrospective application | Cumulative Effect in the Period of Adoption | |||||
$100 | Previously Reported [Member] | $100 | Report-wide value | |||
10 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | 10 | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
$110 | Report-wide value | $110 | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||
Users of machine-readable data have indicated that certain textual transition information related to amendments from ASUs is valuable and elements have been added to better structure this information. These elements include:
• | “Change in Accounting Principle, Accounting Standards Update, Adopted [true false]”—structured as a Boolean data type and intended to be used if the amendment from the ASU is adopted upon its effective date. |
• | “Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false]” (L23)—structured as a Boolean data type and intended to be used if the amendment from the ASU is adopted earlier than the effective date. |
• | “Change in Accounting Principle, Accounting Standards Update, Adoption Date” (L22)—structured as a date data type and is intended to be used to provide the date that the amendment from the ASU was adopted. |
• | “Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]” (XL24)—structured as an extensible list and is intended to be used when there is a choice in transition methods for the amendment from the ASU. The values for this element are members that are created for those ASUs that have a choice in method. |
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Section 2: Examples of Modeling
This section provides examples of disclosures for accounting changes, error corrections and reclassifications for comparability.
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Example 1—Retrospective Effect on Statement of Stockholders' Equity for Each Individual Prior Period Balance Presented
This example provides an excerpt of a Statement of Stockholders' Equity to illustrate the modeling for the values for transition adjustments to retained earnings and accumulated other comprehensive income (AOCI) for application to the earliest period presented.
Consolidated Statements of Shareholders’ Equity | ||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
A1:M1 | A1:M2 | A1:M3 | A1:M4 | A1:M5 | ||||||||||||||||||||||
Common stock | Additional paid-in capital | Retained Earnings | Accumulated other comprehensive (loss) income | Noncontrolling interest | Total | |||||||||||||||||||||
Balance at December 31, 2016 | L1,A2:M6 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
[1] | L1,A2:M7 | ( | ) | ( | ) | ( | ) | |||||||||||||||||||
Adjusted Balance at December 31, 2016 | L1 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
 | ||||||||||||||||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2
Figure 1.1
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The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A1 | Equity Components [Axis] | Duration | StatementEquityComponentsAxis | |
Equity Component [Domain] | Duration | EquityComponentDomain | ||
M1 | Common Stock [Member] | Duration | CommonStockMember | |
M2 | Additional Paid-in Capital [Member] | Duration | AdditionalPaidInCapitalMember | |
M3 | Retained Earnings [Member] | Duration | RetainedEarningsMember | |
M4 | AOCI Attributable to Parent [Member] | Duration | AccumulatedOtherComprehensiveIncomeMember | |
M5 | Noncontrolling Interest [Member] | Duration | NoncontrollingInterestMember | |
A2 | Revision of Prior Period [Axis] | Duration | RestatementAxis | |
Revision of Prior Period [Domain] | Duration | RestatementDomain | ||
M6 | Previously Reported [Member] | Duration | ScenarioPreviouslyReportedMember | |
M7 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Duration | RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember | |
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Credit | Instant | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
Figure 1.2
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The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | ||||||||||||||||
Date Context | 2016-12-31 | ||||||||||||||||
Equity Components [Axis] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Report-wide Value | |||||||||||
A1 | M1 | M2 | M3 | M4 | M5 | ||||||||||||
Revision of Prior Period [Axis] | Previously Reported [Member] | Previously Reported [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Previously Reported [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | ||||||||
A2 | M6 | M6 | M6 | M7 | M6 | M7 | M6 | M6 | M7 | ||||||||
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Consolidated statement of stockholders' equity, ending balance | 1000000 | 1000000 | 840000000 | 840000000 | 1703715000 | -15000000 | 1688715000 | -106400000 | -25000000 | -131400000 | -10000000 | -10000000 | 2428315000 | -40000000 | 2388315000 |
Figure 1.3a
Standard Label | Preferred Label | |||
Date Context | 2016-01-01 to 2016-12-31 | |||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201812Member | ||
Figure 1.3b
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Notes:
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting retained earnings and AOCI in the Statement of Shareholders’ Equity. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the “Accounting Standards Update [Axis]” (A4) is intended to be used. |
• | The “Revision of Prior Period [Axis]” (A2) and its related domain and member (“Revision of Prior Period, Reclassification, Adjustment [Member]”(M9)) are intended to be used if a filer discloses amounts for other reclassifications affecting comparability. In addition, there are other members under the “Revision of Prior Period [Axis]” (A2) for each type of adjustment including error corrections (“Revision of Prior Period, Error Correction, Adjustment [Member]” (M8)) and changes in accounting principle (“Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]”). |
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Example 2—Retrospective Effect on Financial Statement Line Items for Each Individual Prior Period Balance Presented
This example illustrates the modeling for disclosure of transition adjustments to other line items in the Statement of Financial Position in the earliest period presented.
(in thousands) | A2:M6 | A2:M7 | |||||||||||
Amount previously reported 12/31/2016 | 12/31/2016 | Adjusted amount 12/31/2016 | |||||||||||
[1] | |||||||||||||
Liability for future policy benefit, before reinsurance | L3 | $ | $ | $ | |||||||||
Retained earnings (accumulated deficit) | L4 | $ | $ | ( | ) | $ | |||||||
Accumulated other comprehensive income (loss) | L5 | $ | ( | ) | $ | ( | ) | ( | ) | ||||
| |||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2
Figure 2.1
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The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A2 | Revision of Prior Period [Axis] | Duration | RestatementAxis | |
Revision of Prior Period [Domain] | Duration | RestatementDomain | ||
M6 | Previously Reported [Member] | Duration | ScenarioPreviouslyReportedMember | |
M7 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Duration | RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember | |
L3 | Liability for Future Policy Benefit, before Reinsurance | Credit | Instant | LiabilityForFuturePolicyBenefits |
L4 | Retained Earnings (Accumulated Deficit) | Credit | Instant | RetainedEarningsAccumulatedDeficit |
L5 | Accumulated Other Comprehensive Income (Loss), Net of Tax | Credit | Instant | AccumulatedOtherComprehensiveIncomeLossNetOfTax |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
Figure 2.2
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The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | ||||
Date Context | 2016-12-31 | ||||
Revision of Prior Period [Axis] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Report-wide Value | ||
A2 | M6 | M7 | |||
L3 | Liability for Future Policy Benefit, before Reinsurance | Liability for future policy benefit, before reinsurance | 740100000 | 40000000 | 780100000 |
L4 | Retained Earnings (Accumulated Deficit) | Retained earnings (accumulated deficit) | 1703715000 | -15000000 | 1688715000 |
L5 | Accumulated Other Comprehensive Income (Loss), Net of Tax | Accumulated other comprehensive income (loss) | -106400000 | -25000000 | -131400000 |
Standard Label | Preferred Label | ||
Date Context | 2016-01-01 to 2016-12-31 | ||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201812Member | |
Figure 2.3b
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Notes:
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting balances in the Statement of Financial Position. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the Adjustments for New “Accounting Standards Update [Axis]” (A4) is intended to be used. |
• | The “Revision of Prior Period [Axis]” (A2) and its related domain and member (“Revision of Prior Period, Reclassification, Adjustment [Member]”(M9)) are intended to be used if a filer discloses amounts for other reclassifications affecting comparability. In addition, there are other members under the “Revision of Prior Period [Axis]” (A2) for each type of adjustment including error corrections (“Revision of Prior Period, Error Correction, Adjustment [Member]” (M8)) and changes in accounting principle (“Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]”). |
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Example 3—Cumulative Effect on Opening Balance in Period of Adoption
This example provides an excerpt of Statement of Stockholders' Equity to illustrate the modeling for the values for cumulative effect (in period of adoption) transition adjustments to retained earnings for application in the current period presented.
Consolidated Statements of Shareholders’ Equity | ||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
A1:M1 | A1:M2 | A1:M3 | A1:M4 | A1:M5 | ||||||||||||||||||||||
Common stock | Additional paid-in capital | Retained Earnings | Accumulated other comprehensive (loss) income | Noncontrolling interest | Total | |||||||||||||||||||||
Balance at December 31, 2018 | L1 | $ | $ | $ | $ | ( | ) | $ | $ | |||||||||||||||||
[1] | L1,A3:M10 | |||||||||||||||||||||||||
Adjusted Balance at December 31, 2018 | L1,A3:M11 | $ | $ | $ | $ | ( | ) | $ | $ | |||||||||||||||||
| ||||||||||||||||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2
Figure 3.1
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The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A1 | Equity Components [Axis] | Duration | StatementEquityComponentsAxis | |
Equity Component [Domain] | Duration | EquityComponentDomain | ||
M1 | Common Stock [Member] | Duration | CommonStockMember | |
M2 | Additional Paid-in Capital [Member] | Duration | AdditionalPaidInCapitalMember | |
M3 | Retained Earnings [Member] | Duration | RetainedEarningsMember | |
M4 | AOCI Attributable to Parent [Member] | Duration | AccumulatedOtherComprehensiveIncomeMember | |
M5 | Noncontrolling Interest [Member] | Duration | NoncontrollingInterestMember | |
A3 | Cumulative Effect, Period of Adoption [Axis] | Duration | CumulativeEffectPeriodOfAdoptionAxis | |
Cumulative Effect, Period of Adoption [Domain] | Duration | CumulativeEffectPeriodOfAdoptionDomain | ||
M10 | Cumulative Effect, Period of Adoption, Adjustment [Member] | Duration | CumulativeEffectPeriodOfAdoptionAdjustmentMember | |
M11 | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Duration | CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember | |
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Credit | Instant | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
Figure 3.2
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The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | ||||||||||||||||
Date Context | 2018-12-31 | ||||||||||||||||
Equity Components [Axis] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Report-wide Value | |||||||||||
A1 | M1 | M2 | M3 | M4 | M5 | ||||||||||||
Cumulative Effect, Period of Adoption [Axis] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||||
A3 | M11 | M11 | M10 | M11 | M11 | M11 | M10 | M11 | |||||||||
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Consolidated statement of stockholders' equity, ending balance | 1000000 | 1000000 | 875000000 | 875000000 | 1819555000 | 15000000 | 1834555000 | -100850000 | -100850000 | 6405000 | 6405000 | 15000000 | 2616110000 | 2601110000 | |
Figure 3.3a
Standard Label | Preferred Label | |||
Date Context | 2018-01-01 to 2018-12-31 | |||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201601Member | ||
Figure 3.3b
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Notes:
• | This example and Example 1 both use a prior period as the date context. For the cumulative effect in the period of adoption, the context is the period prior to the period of adoption. For the retrospective application, the context is the earliest period presented. The difference between the modeling of the cumulative effect in period of adoption transition adjustments and the retrospective transition adjustments is which amount is tagged as the default. In this example, the default amount is the opening balance for stockholders' equity which does not include the effect of the ASU; whereas in Example 1, the default amount is the (adjusted) balance for stockholders' equity after the effect of the amendment for the ASU. |
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting the opening balance of retained earnings in the period of adoption in the Statement of Shareholders’ Equity. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the “Accounting Standards Update [Axis]” (A4) is intended to be used. |
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Example 4—Disclosure of Reclassifications from an ASU
This example illustrates the modeling for reclassification adjustments to specific line items affected by amendments from an ASU. In a note on significant accounting policies, ABC Company discloses the amount of reclassifications from one financial statement line item to another as a result of adopting Accounting Standards Update 2017-07—Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.
Effective January 1, 2018, ABC Company (ABC Co.) , Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost[1], using the full retrospective method. This ASU requires an employer to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. As a result of the adoption, ABC Co. reclassified $0.5 million and $0.4 million from operating expenses[2] to net periodic benefit (income) expense, excluding service cost[3], for the years ended December 31, 2018 and 2017, respectively.
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2 [2] L6,A2:M7
[3] L7,A2:M7
Figure 4.1
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The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A2 | Revision of Prior Period [Axis] | Duration | RestatementAxis | |
Revision of Prior Period [Domain] | Duration | RestatementDomain | ||
M7 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Duration | RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember | |
L6 | Operating Expenses | Debit | Duration | OperatingExpenses |
L7 | Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | Debit | Duration | NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
Figure 4.2
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The XBRL report view created using the modeling structure is provided here:
Standard Label | Preferred Label | |||||
Date Context | 2017-01-01 to 2017-12-31 | 2018-01-01 to 2018-12-31 | ||||
Revision of Prior Period [Axis] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | ||||
A2 | M7 | M7 | ||||
L6 | Operating Expenses | Operating expense | -400000 | -500000 | ||
L7 | Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | Net periodic benefit (income) expense, excluding service cost | 400000 | 500000 | ||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201707Member | us-gaap:AccountingStandardsUpdate201707Member | |||
Figure 4.3
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Notes:
• | In this example, “Revision of Prior Period, Accounting Standards Update, Adjustment [Member]” (M7) is used instead of “Revision of Prior Period, Reclassification, Adjustment [Member] ”(M9) because the adjustments are for reclassifications from amendment(s) to the accounting standards. |
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting operating expenses and the net periodic benefit (income) expense, excluding service cost in the Statement of Income. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the “Accounting Standards Update [Axis]” (A4) is intended to be used. |
• | The “Revision of Prior Period [Axis]” (A2) and its related domain and member (“Revision of Prior Period, Reclassification, Adjustment [Member]” (M9)) are intended to be used if a filer discloses amounts for other reclassifications affecting comparability that are not related to the amendment(s) to the accounting standards. In addition, there are other members under the “Revision of Prior Period [Axis]” (A2) for each type of adjustment including error corrections (“Revision of Prior Period, Error Correction, Adjustment [Member]” (M8)) and changes in accounting principle (“Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]”). |
24
Example 5—Multiple Adjustments on Statement of Stockholders' Equity for Each Individual Prior Period Balance Presented
This example provides a Statement of Stockholders' Equity to illustrate the modeling for the values for transition adjustments for application to the earliest period presented related to retrospective transition method for one ASU and for application in the current period presented for the cumulative effect (in period of adoption) for another ASU. It also provides information about adjustments for an error correction.
Consolidated Statements of Shareholders’ Equity | ||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
A1:M1 | A1:M2 | A1:M3 | A1:M4 | A1:M5 | ||||||||||||||||||||||
Common stock | Additional paid-in capital | Retained Earnings | Accumulated other comprehensive (loss) income | Noncontrolling interest | Total | |||||||||||||||||||||
Balance at December 31, 2016 | L1,A2:M6 | $ | $ | $ | $ | ( | ) | $ | ( | ) | ||||||||||||||||
[1] | L1,A2:M7 | ( | ) | ( | ) | ( | ) | |||||||||||||||||||
[2] | L1,A2:M8 | ( | ) | ( | ) | |||||||||||||||||||||
Adjusted Balance at December 31, 2016 | L1 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
Net income | L8 | |||||||||||||||||||||||||
Other comprehensive income, net of tax | L9 | |||||||||||||||||||||||||
Compensation under stock-based plans, net | L10 | |||||||||||||||||||||||||
Restated balance at December 31, 2017 | L1 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
Net income | L8 | |||||||||||||||||||||||||
Other comprehensive income, net of tax | L9 | |||||||||||||||||||||||||
Compensation under stock-based plans, net | L10 | |||||||||||||||||||||||||
Restated balance at December 31, 2018 | L1 | $ | $ | $ | $ | ( | ) | $ | $ | |||||||||||||||||
Net income | L8 | |||||||||||||||||||||||||
Other comprehensive income, net of tax | L9 | |||||||||||||||||||||||||
Compensation under stock-based plans, net | L10 | |||||||||||||||||||||||||
Balance at December 31, 2019 | L1 | $ | $ | $ | $ | ( | ) | $ | $ | |||||||||||||||||
Cumulative effect of ASU 2016-02 | L1,A3:M10,A4:M12 | |||||||||||||||||||||||||
Cumulative effect of ASU 2018-02 | L1,A3:M10,A4:M13 | ( | ) | $ | ||||||||||||||||||||||
Adjusted Balance at December 31, 2019 | L1,A3:M11 | $ | $ | $ | $ | ( | ) | $ | $ | |||||||||||||||||
| ||||||||||||||||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2 [2] XL20
Figure 5.1
25
The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A1 | Equity Components [Axis] | Duration | StatementEquityComponentsAxis | |
Equity Component [Domain] | Duration | EquityComponentDomain | ||
M1 | Common Stock [Member] | Duration | CommonStockMember | |
M2 | Additional Paid-in Capital [Member] | Duration | AdditionalPaidInCapitalMember | |
M3 | Retained Earnings [Member] | Duration | RetainedEarningsMember | |
M4 | AOCI Attributable to Parent [Member] | Duration | AccumulatedOtherComprehensiveIncomeMember | |
M5 | Noncontrolling Interest [Member] | Duration | NoncontrollingInterestMember | |
A2 | Revision of Prior Period [Axis] | Duration | RestatementAxis | |
Revision of Prior Period [Domain] | Duration | RestatementDomain | ||
M6 | Previously Reported [Member] | Duration | ScenarioPreviouslyReportedMember | |
M7 | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Duration | RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember | |
M8 | Revision of Prior Period, Error Correction, Adjustment [Member] | Duration | RevisionOfPriorPeriodErrorCorrectionAdjustmentMember | |
A3 | Cumulative Effect, Period of Adoption [Axis] | Duration | CumulativeEffectPeriodOfAdoptionAxis | |
Cumulative Effect, Period of Adoption [Domain] | Duration | CumulativeEffectPeriodOfAdoptionDomain | ||
M10 | Cumulative Effect, Period of Adoption, Adjustment [Member] | Duration | CumulativeEffectPeriodOfAdoptionAdjustmentMember | |
M11 | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Duration | CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember | |
A4 | Accounting Standards Update [Axis] | Duration | AdjustmentsForNewAccountingPronouncementsAxis | |
Accounting Standards Update [Domain] | Duration | TypeOfAdoptionMember | ||
M12 | Accounting Standards Update 2016-02 [Member] | Duration | AccountingStandardsUpdate201602Member | |
M13 | Accounting Standards Update 2018-02 [Member] | Duration | AccountingStandardsUpdate201802Member | |
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Credit | Instant | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
L8 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Credit | Duration | ProfitLoss |
L9 | Other Comprehensive Income (Loss), Net of Tax | Credit | Duration | OtherComprehensiveIncomeLossNetOfTax |
L10 | APIC, Share-based Payment Arrangement, Increase for Cost Recognition | Credit | Duration | AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
XL20 | Error Correction, Type [Extensible List] | Duration | ErrorCorrectionTypeExtensibleList | |
26
The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | ||||||||||||||||||
Date Context | 2016-12-31 | ||||||||||||||||||
Equity Components [Axis] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Report-wide Value | |||||||||||||
A1 | M1 | M2 | M3 | M4 | M5 | ||||||||||||||
Revision of Prior Period [Axis] | Previously Reported [Member] | Previously Reported [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Previously Reported [Member] | Previously Reported [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] | ||||||||
A2 | M6 | M6 | M6 | M7 | M8 | M6 | M7 | M6 | M6 | M7 | M8 | ||||||||
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Consolidated statement of stockholders' equity, ending balance | 1000000 | 1000000 | 840000000 | 840000000 | 1649000000 | -15000000 | -7500000 | 1626500000 | -99000000 | -25000000 | -124000000 | -9500000 | -9500000 | 2381500000 | -40000000 | -7500000 | 2334000000 |
Figure 5.3a
Standard Label | Preferred Label | ||
Date Context | 2016-01-01 to 2016-12-31 | ||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201812Member | |
XL20 | Error Correction, Type [Extensible List] | abc:IncorrectCalculationOfDepreciationMember | |
Figure 5.3b
27
Standard Label | Preferred Label | |||||||||||||||||||
Date Context | 2019-12-31 | |||||||||||||||||||
Equity Components [Axis] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Report-wide Value | ||||||||||||||
A1 | M1 | M2 | M3 | M4 | M5 | |||||||||||||||
Cumulative Effect, Period of Adoption [Axis] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||||||
A3 | M11 | M11 | M10 | M11 | M10 | M11 | M11 | M10 | M11 | |||||||||||
Accounting Standards Update [Axis] | Accounting Standards Update 2016-02 [Member] | Accounting Standards Update 2018-02 [Member] | Accounting Standards Update 2018-02 [Member] | Accounting Standards Update 2016-02 [Member] | Accounting Standards Update 2018-02 [Member] | |||||||||||||||
A4 | M12 | M13 | M13 | M12 | M13 | |||||||||||||||
L8 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Net income | 61000000 | 6200000 | 67200000 | |||||||||||||||
L9 | Other Comprehensive Income (Loss), Net of Tax | Other comprehensive income, net of tax | 4330000 | 1960000 | 6290000 | |||||||||||||||
L10 | APIC, Share-based Payment Arrangement, Increase for Cost Recognition | Compensation under stock-based plans, net | 14500000 | 14500000 | ||||||||||||||||
L1 | Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Consolidated statement of stockholders' equity, ending balance | 1000000 | 1000000 | 889500000 | 889500000 | 1775500000 | 9150000 | -3000000 | 1781650000 | -113445000 | 3000000 | -110445000 | 14510000 | 14510000 | 9150000 | 0 | 2576215000 | 2567065000 | |
Figure 5.3c
28
Notes:
• | Figures 5.3a through 5.3c provide information for the reporting periods (2016 and 2019) with adjustments for transition to ASUs and error corrections. The other reporting periods (2017 and 2018) would be similarly structured without the use of the “Revision of Prior Period [Axis]” (A2) and its members. |
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting retained earnings and AOCI in the Statement of Shareholders’ Equity. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the “Accounting Standards Update [Axis]” (A4) is intended to be used. |
• | An extensible list element is used to convey the type of error correction. “Error Correction, Type [Extensible List]” (XL20) is used to tag the fact value indicating the type of error correction affecting retained earnings in the Statement of Shareholders’ Equity. The value of the extensible list element is an extension member representing the type of error correction. If a filer shows values from more than one error correction within the filing, then the “Error Correction, Type [Axis]” is intended to be used. |
29
Example 6—Effect on Financial Statement Line Items from Multiple Adjustments to Previously Reported Amounts
This example provides disclosure information about the effects of adjustments for reclassifications from discontinued operations and error corrections, shown separately in excerpts of the Statement of Income and the Statement of Financial Position. A reconciliation of the amounts previously reported to the adjusted amounts are shown in the tables below for the impacted financial statement line items.
Entity ABC | |||||||||||||||||||||||||||
Statements of Income Detail | |||||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||||
2019 | 2018 | ||||||||||||||||||||||||||
A2:M6 | A2:M9 | A2:M8 | A2:M6 | A2:M9 | A2:M8 | ||||||||||||||||||||||
(in thousands) | Amount previously reported | Adjusted Amount | Amount previously reported | Adjusted Amount | |||||||||||||||||||||||
[2] | [1] | [2] | [1] | ||||||||||||||||||||||||
Revenues | L11 | $ | $ | ( | ) | $ | ( | ) | $ | $ | $ | ( | ) | $ | ( | ) | $ | ||||||||||
Costs of revenues | L12 | ( | ) | ( | ) | ||||||||||||||||||||||
Selling, general and administrative expenses | L13 | ( | ) | ( | ) | ||||||||||||||||||||||
Other nonoperating expense, net | L14 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||
Income (loss) from discontinued operations, net | L15 | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL20 [2] XL21
Figure 6.1a
Entity ABC | |||||||||||||||||||||||||||
Statements of Financial Position Detail | |||||||||||||||||||||||||||
As of December 31, | |||||||||||||||||||||||||||
2019 | 2018 | ||||||||||||||||||||||||||
A2:M6 | A2:M9 | A2:M8 | A2:M6 | A2:M9 | A2:M8 | ||||||||||||||||||||||
(in thousands) | Amount previously reported | Adjusted Amount | Amount previously reported | Adjusted Amount | |||||||||||||||||||||||
[2] | [1] | [2] | [1] | ||||||||||||||||||||||||
Property, plant and equipment, net | L16 | $ | $ | ( | ) | $ | $ | $ | $ | ( | ) | $ | $ | ||||||||||||||
Total assets | L17 | ||||||||||||||||||||||||||
Total liabilities | L18 | ( | ) | ( | ) | ||||||||||||||||||||||
Assets held for sale from discontinued operations | L19 | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL20 [2] XL21
Figure 6.1b
30
The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
A2 | Revision of Prior Period [Axis] | Duration | RestatementAxis | |
Revision of Prior Period [Domain] | Duration | RestatementDomain | ||
M6 | Previously Reported [Member] | Duration | ScenarioPreviouslyReportedMember | |
M8 | Revision of Prior Period, Error Correction, Adjustment [Member] | Duration | RevisionOfPriorPeriodErrorCorrectionAdjustmentMember | |
M9 | Revision of Prior Period, Reclassification, Adjustment [Member] | Duration | RevisionOfPriorPeriodReclassificationAdjustmentMember | |
L11 | Revenues | Credit | Duration | Revenues |
L12 | Cost of Revenue | Debit | Duration | CostOfRevenue |
L13 | Selling, General and Administrative Expense | Debit | Duration | SellingGeneralAndAdministrativeExpense |
L14 | Other Nonoperating Income (Expense) | Credit | Duration | OtherNonoperatingIncomeExpense |
L15 | Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | Credit | Duration | IncomeLossFromDiscontinuedOperationsNetOfTax |
L16 | Property, Plant and Equipment, Net | Debit | Instant | PropertyPlantAndEquipmentNet |
L17 | Assets | Debit | Instant | Assets |
L18 | Liabilities | Credit | Instant | Liabilities |
L19 | Disposal Group, Including Discontinued Operation, Assets, Current | Debit | Instant | AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent |
XL20 | Error Correction, Type [Extensible List] | Duration | ErrorCorrectionTypeExtensibleList | |
XL21 | Reclassification, Type [Extensible List] | Duration | ReclassificationTypeExtensibleList | |
Figure 6.2
31
The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | |||||
Date Context | 2019-01-01 to 2019-12-31 | |||||
Revision of Prior Period [Axis] | Previously Reported [Member] | Revision of Prior Period, Reclassification, Adjustment [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] | Report-wide Value | ||
A2 | M6 | M9 | M8 | |||
L11 | Revenues | Revenues | 145450000 | -25000000 | -2000000 | 118450000 |
L12 | Cost of Revenue | Costs of revenues | 18190000 | -6250000 | 560000 | 12500000 |
L13 | Selling, General and Administrative Expense | Selling, general and administrative expenses | 250000 | -200000 | 50000 | 100000 |
L14 | Other Nonoperating Income (Expense) | Other nonoperating expense, net | -1100000 | -400000 | 0 | -1500000 |
L15 | Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | Income (loss) from discontinued operations, net | 0 | 18950000 | 0 | 18950000 |
Figure 6.3a
Standard Label | Preferred Label | ||
Date Context | 2019-01-01 to 2019-12-31 | ||
XL21 | Reclassification, Type [Extensible List] | abc:DiscontinuedOperationsMember | |
XL20 | Error Correction, Type [Extensible List] | abc:MisapplicationOfGAAPMember | |
Figure 6.3b
32
Standard Label | Preferred Label | |||||
Date Context | 2019 | |||||
Revision of Prior Period [Axis] | Previously Reported [Member] | Revision of Prior Period, Reclassification, Adjustment [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] | Report-wide Value | ||
A2 | M6 | M9 | M8 | |||
L16 | Property, Plant and Equipment, Net | Property, plant and equipment, net | 1575000000 | -85000000 | 0 | 1490000000 |
L17 | Assets | Total assets | 5600000000 | 0 | 35000000 | 5635000000 |
L18 | Liabilities | Total liabilities | 3123785000 | 0 | -65000000 | 3058785000 |
L19 | Disposal Group, Including Discontinued Operation, Assets, Current | Assets held for sale from discontinued operations | 0 | 85000000 | 0 | 85000000 |
Figure 6.3c
33
Notes:
• | Figures 6.3a through 6.3c provide information for one reporting period (2019). The other reporting period (2018) would be similarly structured. |
• | An extensible list element is used to convey the type of reclassification. “Reclassification, Type [Extensible List]” (XL21) is used to tag the fact value indicating which reclassification is affecting the comparability of the financial statements. The value of the extensible list element is an extension member representing the type of reclassification. If a filer shows values from more than one reclassification within the filing, then the “Reclassification, Type [Axis]” is intended to be used. |
• | An extensible list element is used to convey the type of error correction. “Error Correction, Type [Extensible List]” (XL20) is used to tag the fact value indicating which error correction is affecting the financial statements. The value of the extensible list element is an extension member representing the type of error correction. If a filer shows values from more than one error correction within the filing, then the “Error Correction, Type [Axis]” is intended to be used. |
34
Example 7—Disclosure of Textual Transition Information
This example illustrates the modeling for disclosures reporting textual transition information related to amendments from an ASU. In a note on significant accounting policies, ABC Company discloses information related to the nature and timing of adopting Accounting Standards Update 2016-02—Leases (Topic 842).
Effective January 1, 2018 [2], ABC Company (ABC Co.) [3] [1], using the [4]. Overall ASU 2016-02 had a material impact on ABC Co.'s consolidated financial statements with the most significant impact being the recognition of right-of-use assets and lease liabilities for operating leases. See below for additional information including the impacts of ASU 2016-02 to the previously reported financial statements.
_____________________________
Legend: This legend is provided to illustrate the elements associated with values or to provide context. This information is not part of disclosure.
[1] XL2 [2] L22
[3] L23 [4] XL24
Figure 7.1
35
The legend for the elements used to tag these facts is:
Standard Label | Balance Type | Period Type | Element Name | |
XL2 | Accounting Standards Update [Extensible List] | Duration | AccountingStandardsUpdateExtensibleList | |
L22 | Change in Accounting Principle, Accounting Standards Update, Adoption Date | Instant | ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate | |
L23 | Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false] | Instant | ChangeInAccountingPrincipleAccountingStandardsUpdateEarlyAdoption | |
XL24 | Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List] | Duration | ChangeInAccountingPrincipleAccountingStandardsUpdateTransitionOptionElectedExtensibleList | |
Figure 7.2
36
The XBRL report views created using the modeling structure are provided here:
Standard Label | Preferred Label | ||
Date Context | 2018-12-31 | ||
L22 | Change in Accounting Principle, Accounting Standards Update, Adoption Date | 2018-01-01 | |
L23 | Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false] | true | |
Figure 7.3a
Standard Label | Preferred Label | ||
Date Context | 2018-01-01 to 2018-12-31 | ||
XL2 | Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201602Member | |
XL24 | Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List] | us-gaap:AccountingStandardsUpdate201602RetrospectiveMember | |
Figure 7.3b
37
Notes:
• | In this example, “Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false]” (L23) is used instead of “Change in Accounting Principle, Accounting Standards Update, Adopted [true false]” because the filer early adopted the amendment from the ASU. If the filer adopted the ASU upon its effective date, then “Change in Accounting Principle, Accounting Standards Update, Adopted [true false]” would be used. |
• | An extensible list element is used to convey the amendment from one ASU. “Accounting Standards Update [Extensible List]” (XL2) is used to tag the fact value indicating which ASU is affecting the financial statements. The value of the extensible list element is the member representing the specific ASU. If a filer shows values from more than one ASU within the filing, then the “Accounting Standards Update [Axis]” (A4) is intended to be used. |
38